2012-11-08
2012-11-16
x michigan

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CSPAN 15
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MSNBCW 8
CNN 6
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FBC 5
KGO (ABC) 2
CNBC 1
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English 90

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a little bit and to talk just for a moment about the u.s. competitiveness and the u.s. economy in a global context. and their actually was an oecd report that came out this morning that does that admirably. this report predicts that within four years, by 2016, the chinese economy will be bigger than the economy. and what the oecd report sort of further says, it's a great report. if you're interested, take a look online. today the u.s. economy accounts for 23% of the world's economy and india is 7. in 2030, according to the oecd predictions, china will be 29% of the world economy, the u.s. will be 18 and india will be 11. and those are, i think, really worthwhile numbers to keep in our mind as we talk about u.s. competitiveness in the world economy, because we're entering this entirely new era where the u.s. is going to be a big player in the world economy but no longer the preeminent, the very largest one, and i think that brings real challenges and requires a whole new way of thinking. so my opening remarks, steve was introduced, i think quite rightly, as a guy who i hope is getting cases

with the economy. and make sure we do not go back into a recession. but they do want to stick to their guns. they feel like they are really won the election and not to cave in to the republicans on the upper income tax rate. host: chicago, ill., let us go matt, hi. caller: my comment is this, in order for us to solve this problem, both sides are going to have to experience a pretty significant amount of political pain. from my side, i am a lot of the center, i would like to see texas go up on the wealthy. but at the same time, being from chicago i remember when the simpson balls report came out, and congresswoman should kautsky, she said this is horrible there's no way i will vote for this. and i did not think that was right either. clearly, we are going to have to do something about medicare. i am not in favor of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the will

cannot win in this economy, then the tipping point has been reached. >> reporter: on the president's "to do" list, economic growth and jobs. immigration reform. and the top priority, those tax cuts set to expire come midnight new year's eve. but whatever difficulties might lie ahead, the president seized his moment early this morning, staking his claim in history with a nod of the lofty rhetoric of his convention speech eight years ago. and his hopes for what might be. >> i believe we can seize this future together, because we are not as divided as our politics suggest. and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >> reporter: and in that vein, diane, president obama reached out to the house and senate republican leadership, they also pledged to work together to solve this nation's problems. of course, the challenge is turning that rhetoric into reality. diane? >> and we have more on that in a moment. thank you so much, jake. >>> but what about governor romney? after so many years, such a long campaign. what

when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that's the focus of the plan i talked about during the campaign. it's a plan to reward businesses that create jobs here in america, and give people access to the education and training that those businesses are looking for. it's a plan to rebuild our infrastructure and keep us on the cutting edge of innovation and clean energy. and it's a plan to reduce our deficit in a balanced and responsible way. this is even more important because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay down our deficit -- decisions that will have a huge impact on the economy and the middle class, now and in the future. last year, i worked with democrats and republicans to cut a trillion dollars' worth of spending, and i intend to work with both parties to do more. but as i said over and over again on the campaign trail, we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spendin

today make one more point about the type of campaign at that romney ran. focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to regroup for 2014 and beyond next. to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? le

on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to regroup for 2 2 2 2 2 2 >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republicans do to regroup for 2014 and beyond. jason, a wonderful time of the the season, called recrimination. (laughter) >> otherwise known to journalists as shooting the wounded, which is our specialty, so, what, how much trouble is the republican party in? >> they're in a lot of trouble, the coalition needs to expand.

contribute a little bit to helping our economy, and the majority of the people who are fortunate and made a lot of money, they're willing to do this. democrats, independents and republican support the direction of the president regarding this fiscal cliff issue. thanks, everybody. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> you just heard senate democrats speak about elections. the republicans will talk about their own election. main senator-elected angus king saying he'd caucus with the democrats. here's what he had to say. -- maine senator-elect angus king saying he'd caucus with the democrats. here's what he had to say. >> good morning. all set. today i'm announcing my decision as to which party, if any, i'll associate myself in my work here in the u.s. senate. before doing so, however, i'd like to outline my thinking on this issue and set out the principles that have guided my decision. in answering this, who will you caucus with question, repeatedly during the campaign -- and i emphasize the word repeatedly -- i

everyone will be affected if there is no deal. it could throw the economy back into recession and cost no income families about $2,000 more next year. those are some of the latest headlines on c-span radio. [video clip] >> i enjoyed watching book tv -- >> i enjoy the rebroadcast of various television news programs. i like that they provide coverage without the sound bites. it really gives me an opportunity to consume as much information on what is going on. c-span is a great way to kind of get an unfiltered view of the day's events. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. >> "washington journal" continues. ,ost: we're back with evan bayh now co-founder of the no labels organization. let me begin with the petraeus resignation. is your reaction -- what is your reaction? guest: it is if personal tragedy. he was doing a fabulous job as director. we're fortunate that we have a great leadership team. michael morrell house now now stepped- hasno in. host: did he have to resign? guest: my own answer is yeah, i thi

to go over the fiscal cliff and see the economy gumbel before the majority of the people -- crumble before the majority of the people realize how much trouble we are in. i have end-stage renal failure and on medicare and receive disability each month. i do dialysis three times a week. that said, i will willingly and gladly take reduction in my benefits if it means we can reduce our deficit. i have two young nieces, and i'm looking out for their financial future. in fact, if i knew that taking away all of my benefits would get rid of our debt, i'd do that today. mr. president, hear tony's plea. don't take us over the fiscal cliff. tony and his nieces need you to lead. they need it now. i yield back. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from illinois, mr. gutierrez, for five minutes. mr. gutierrez: mr. speaker, i'm here today to make an introduction. i'd like the republican party to meet america's latinos. it's hard to meet us all at once. there are more than 53 million of us. but let me tell you a little bit about who we are and what

the economy stronger white a set of commitments to finance, a high level of public investments in infrastructure and education and a lot of bipartisan support for that. i think there's a lot of support for doing the obvious things you have to do. you have to pass an extension tax of the amt is very important to do. you listen carefully there's a lot of support for trying to make real progress on the long-term fiscal soundness. there's a lot of benefit in doing that for the economy. how you do that is important. so i think this is a solvable problem and we want to do as much as we can to take an advantage of this opportunity to make some progress in each of those fronts. >> there's one thing about which they're doesn't appear to be a lot of agreement and that is should the bush tax cuts on the overt and hundred 50,000 crowd be extended or should taxes be raised? >> i heard jay carney an hour or so ago say the president will not agree to anything that extends the tax cuts on the upper brackets. that sounds like a line in the sand; is it? >> i do think it's important to start by a

lines for these tax cuts that would cause damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges we need to address including the sequester but congress ought to, the house ought to pass those tax cuts right away because it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least, come together and convert into law a bill that everyone agrees should become law, republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement. and that's where the president has invited leaders of congress to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their ideas about how to move forward. he does have his own very specific plan that reduces the deficit by $4 trillion, that does it in a balanced bay and we can invest in research

's why we have these two guys to start today. i me, one of great at winners of the american economy, steve case, who not only has such an impact with aol, but now with revolution is funding and helping to develop a whole range of companies with a variety of industries. meanwhile, but in the washington area has gotten incredibly involved in trying to help the u.s. government think more intelligently about competitiveness and entrepreneurship in particular. josh linkner, a local store here who runs detroit venture partners as an sure many of you know, it's are from detroit you certainly know that, a supporter of this event which were very grateful for, and i think it's symbolic of incredible new energy that is developing in detroit and i should also say that josh created a company called, in 1999 here in detroit, operating all this time. two weeks ago it sold for a nice exit. here's a story of a company, a local copy that came from here, when all the way and he's an real well with the. even vested in a ton of other companies. so i just want to start asking you, steve, you know, when i

on message and move on to the economy? >> well, is he going to be trying to turn this to the economy, suzanne, but the fact is he will be definitely getting questions about the scandal, about general petraeus, and certainly about his faith in general allen, so that is going to be a topic. he will try to pivot to the economy and to talk about the fiscal cliff, which is obviously his number one priority trying to get that resolved, and we also expect that he will be here talking -- or he will be asked about benghazi. this will be his first press conference since that september 11th attack in egypt that killed u.s. ambassador chris stevens and three other americans. as well, would you expect them to be asked about cabinet -- or, pardon me -- in libya, and you would expect him to be asked about the cab -- potential cabinet shake-ups as well. you said he hasn't had an extended press conference since march. that's true. there are a lot of outstanding questions, and he will be asked probably about all of them today, suzanne. >> imagine it's going to be taking a while to get through all of these, and

the only democratic candidate running on a record of a weak economy and debt crisis that we face and still win. yet, he did. they did very many things that were right. you can point to a couple of things with mitt romney. he may not have been the perfect candidate for 2012 given his corporate turnaround background, secondly, he did not get something republicans have counted on and that is the white working-class voters. in states like ohio, the ads attacking mayor romney as a corporate raider and buccaneer that went on for many months put on by the obama campaign seemed to work. the white working-class vote did not turn out for mitt romney in the numbers he needed. host: you had a piece yesterday, "the survivor in chief." you know to that they expose the myth of the enthusiastic democratic voter. guest: it was a myth i subscribe to for a while. i am sure you read about this over and over again. the democratic voters were dispirited and they were not feeling enthusiastic about the campaign. it was the conservatives and republicans fired up and getting ready to go. the notion was, he would h

in the campaign it laid out his economic plan for how to build an economy, strengthen the economy. that is obviously a central focus of not just the next few weeks, but the next four years. part of that is to reduce the deficit in a balanced way. obviously we have some deadlines approaching. one of the messages sent by the american people throughout the campaign, as jim misener mentioned, clearly shows the president's view of making sure that the wealthiest americans are asked to do a little bit more in the context of reducing our deficit in a balanced way. it is clear that the voters did not see compromise as a dirty word. it is essential for democracy. balance is another important component. hopefully in the aftermath of the election our leaders in both parties and around the country will do the right thing here to help move our economy forward. as the president often said during the campaign, we've got a lot more work to do, but we have made progress, and we have to build on that. this is one component of how we do that, moving forward. >> always curious, did you ever think mic

of our economy. there will be many who will say with the election over, we should confront the first challenges by electing the top two tax rates expire and pushing it off to somewhere else. they have lessing based in the same temporary policies that have put this into this fix. now they are saying, let's have more of the same. let's to drive our economy of the fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem and it will hurt our economy. we cannot keep going on like that, we cannot set the bar that low. it is time we raise the bar. the american people this week did give us a mandate to simply do the simple thing -- they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we want to lift the cloud of debt hanging over our country. we will not solve t

predict that going over the fiscal cliff is going to wreak havoc on the economy. it's called the fiscal cliff. it's described in the suicidal terms. it is apocalyptic. it is armageddon, the end of everything we hold dear. today, the horror was amplified by a new congressional budget office report that said that if we did go over the fiscal cliff we're going to head back into recession, the unemployment rate would spike to over 9%. terrible picture! but dear junkies, take a deep breath. because it ain't gonna happen. mark my words. the one thing that congress loathes more than losing elections is getting their rear ends handed to them by every newspaper, businessperson and senior citizen clinging to an i.r.a. they cannot handle the heat of doing nothing. so believe me, they will act. i predict that they're going to extend the deadline until after the new congress arrives to give them time to work out a deal. it's going to be all over in a couple of months and it is going to be a fair and balanced solution. an

about the economy and looming budget cuts and tax hikes this week in the nation's capital. this week on capitol hill, the house and senate and the leadership elections will be under way in both the house and senate side. we expect to hear from members throughout the day tomorrow about those leadership elections as well. the incoming freshman class for the 113th congress is in washington this week. democrats in that freshman class met with reporters today and that's one of the events we covered and you will find that in our video library at cspan .org. four bills and votes if requested coming up at 6:30 eastern. s. 1956. the speaker pro tempore: the clerk will report the title of the bill. the clerk: senate 1956, an act to prohibit operators of civil aircraft of the united states from participating in the european union's emissions trading scheme, and for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from florida, mr. mica, and the gentleman from west virginia, mr. rahall, each will control 20 minutes. the chair recognizes the gentleman from florida. mr.

really want to do something for this economy or do we want to play political games and stop the 32 months of private sector job growth? americans have had enough of the bickering, and we will focus on this in the coming shows. and there's going to be a heck of a battle coming up in the lame duck session of the congress on exactly how we're going to solve this fiscal cliff that everybody's talking about. it's only a cliff if we want it to be. get your cell phones out. i want to know what you think. tonight's question, was president obama's re-election a victory for the middle class? text "a" for yes, text "b" for no to 622639. we'll bring you the results later tonight in the show. i'm joined tonight by richard wolffe and e.j. dionne, msnbc contributor, and author of the book, "our divided political heart." gentleman, great to have you with us tonight. >> thanks, ed. >> good to be with you. >> you bet. richard, you first. i called it a statement election. this means that it was a very clear message. do you agree with me on that, or how would you summarize what we went through yesterday? >>

that is good for your business but bad for the economy in general to tax some people. romney had a good line you don't just pick winners and losers but you pick the losers. john: they could the random selection people look at politician as the person to solve every problem? president obama was the magic president. these people were waiting three hours. he is magic. >> they've really feel he has the intrinsic quality now they he has been reelected to change people's lives like he has only been warming up. for what? it is terrifying. john: people felt this way about romney. >> but obama is a classic example of the colt of the presidency the idea that any politician can fix all the problems is not start with the obama but is the attitude we should get rid of racism. he should stop the rise of the oceans and get everybody house. i saw a teenager said he should give everybody a house. kids say that is understandable. but adults are supposed to understand there are incentives, a trade offs and a cost. there are unintended consequences government cannot magically eradicate homelessness and poverty.

as a share of our economy just as our agriculture has declined as a share of our economy we are still will world's largest exporter i believe, but to get a number of jobs to stop declining and to start going up in a more sustainable way. >> i agree. >> i'm going to make a positive energy point and then ask questions. the point is when it comes to the actual destruction those are high paying jobs because we can't outsource them and so i think that is one area you are seeing the wages actually going up. having said that, do you worry that this is going to become a really divisive issue in your party because there is a leaning in the democratic party that is pretty and i fossil fuel and is not greeting the discovery of these new sources of fossil fuels, natural gas not so bad but some of the techniques for extracting it like fracking are not in environmentalists favorite thing so will you we start seeing some de tension and the people welcoming this as a source of jobs and economic growth and the environmental wing of the party that says no we want to get away from fossil fuel. >> i don'

their taxes rise by nearly 50%! the impact on the recovering economy everybody believes is what would have happened to james bond to jamesskyfa'sky >> catherine heenan, kron 4. >>pam: kron 4 is just i justine waldman. >> solutions to keep america from falling off the fiscal cliff are not pretty. >> it would be really hard headed if they come to an agreement. >> the president and congress allowed a kron agreement to fall over by. >> with higher unemployment, the only positive if there is a positive here is that the deficit will go down. >> if there is no agreement it will just highlight the to functionality. >> we are so strong about or policies, individually but we do not care if we go into a recession rather that then a compromise cahow >> increasing taxes and making money saving changes. it is a tough reality. >> the fun days are over but nobody likes those changes but you have to do it. and it is time to get your finances in order. we have 53 days to figure it out. justine waldman, kron 4. >> we are asking what is the best way for president obama to avoid sending the country to physical

were people who were still dissatisfied with the economy, with obama's performance, but they were not sold on romney saying that was the undecided voter. well, a week later, those people were saying they were for romney, and undecided were people who used to be for obama, but they didn't like his performance in the debate so they were undecided. it's a myth of saying who was undecided. i think we're going to analyze it, analyze it as persuadable voters. that's who it is, is not in the core of either party to be persuaded. the way we, as reporters, analyze undecided voters is ridiculous. number four, independents are no longer the swing group. i mean, look, romney won independents. in ski battleground states, carried the independent vote and lost. indidn'ts, the way they -- independents, the way they define themselves now in the era of strong partisanship lean slightly republican. if they split even or if democrats win it, it's a very good year for democrats. it's the mirror image of moderates. mote rads lean democratic, but they are a key swing vote. to me, look at those who call

is product and we are proud of to help support of the music back in the classrooms and economy that has had difficulty supporting this. bono is an example of what people together can achieve. if there to irish people, one of them can sing. i am the other guy. i certainly cannot partner with bono in the studio but i can partner to help the lives better round the world. we take this seriously. please welcome me in welcoming bono to the stage. >> thank you very much. >> thank you. he is a very special man. we are thrilled. the band wanted me to say thank you. every school and ireland will have access to free music lessons if they need. brian has been helping us out with that. thanks to the president has made me feel so welcome year into jt right there who is learning the chords of "bloody, sunday bloody" instead of doing his homework. [applause] bad this is the. . you have it here. u2 has played some nice whole. i do not know if this is an election or a pulpit. i feel odd. welcome to pop culture studies 101. please take out your notebooks. we're going to discuss why rock stars should never be

it comes to the economy, they think that's the way is to give their friends more money and hope they do well by you. you don't believe that they are not running for you. latinos come about with the immigration issue was about. you want to be part of the american dream they won't even pass the dream act. they are not running for you. does anyone have a question as to why those series of arguments and that series of consistency that ties and interweaves into a mirage that makes sense? why 21% of americans who think that caring about people like them as the most important feature in the national leader why they would select the person that was making that argument against the person ever to be running to them. as much as a character of romney and as much as that is a caricature of republicans, a character only works if they make sense in light of the person being caricatured. yes said, propagandize itself has to have a kernel of truth at its core so what republicans need to do is to get your hard look at ourselves. republicans need to ask if that is how a fifth of americans overwhelmingly

is not struck by the end. year, the u.s. economy would head back into recession, contract by half a percent in 2013. president is scheduled to make remarks on the cliff at 1 p.m. time. speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning say, yes, don't worry about it. when i hear that i say, no, it's not going to happen. we have to have them worry, as worried as we are. i still see this kind of grover norquist run republican party which would rather not have a tax increase and take the tit titanic down in the name of the country. >> viewers will say, wasn't wednesday a woosh? what qualifies a woosh at this point? in terms of the signs we've seen, isn't that qualified as a woosh. >> you open down and rally between 12 and 1. you get the 10 to 1 ratio. i'm just quoting mark haines. if you saw 20 to 1, you would say, you need to buy it. i need to see hai

the dialogues program on china and latin america. china is also going through a transition and china's economy is extremely important for many latin american countries, increasingly so, and she is going to share some thoughts about what that relationship might look like. we're delighted to have margaret with us as well. margaret just came back from about a month in china, so i think we will have some fresh perspective and insight about the situation there, obviously, people interested in america, what is happening in china and the united states, to dip a very important players. let me begin with a few comments before turning it over to my colleagues and opening up to all of you. last april, the dialogue produced a policy report that reflected the analysis and recommendations of the members of the inter-american dialogue, and we talked about opportunities in the areas of trade and energy and other global affairs that really should be taken advantage of by the united states moving forward. but we have to -- we emphasize as well there are three issues that were on an old agenda that had not been

. it is what it is. if we do not avert it, it will cause a short-term bump to the economy and the question is not whether or not we do it, but how long it lasts. at the sequestration is more damaging than the tax increase, that can be undone. sequestration is a terrible idea and can be very disruptive. if we go into sequestration, that's awful. if the taxes read up on everybody for a month or two, it would be a temporary bump comes falling down the expansion, which is coming, but you can undo it. >> i want to talk about dodd-frank and wall street with washington in particular the white house. when you look at the response in the way wall street has approached dodd-frank with the lobbying efforts against it and really the aggressive nature wall street took more broadly terse president obama, how do you explain it when it did about it, when you talk to people? >> we seriously hurt their feelings. last night and serious about it. when you look at the damage done, people ranting about marginal tax increases, which they would not even know happened unless they were particularly attentive to wha

the governor, whom i endorsed by the way in 2008, how he planned to win the the economy showed signs of improvement. the fact is, talk radio continues to thrive. while moderate republics like john mccain and to some extent mitt romney continue to lose presidential elections. and while the tea party has backed some terrible candidates. richard murdock, todd akin and christine o'donnell, it also made the 2010 g.o.p. route possible. grass roots conservatives helped elect senators marco rubio in florida. ted crews in texas and this time deb fisher in that nebraska senate race. where is the evidence that proabortion or pro-gam gay marriage or pro-amnesty but fiscally conservative candidates are are the solution to the g.o.p.'s problem? moderates like scott brown and charlie summers just lost their senate races in massachusetts and maine. both blue states. would their type of republic have won in conservative red states? of course not. until more liberal republicans start winning their races, why should they dictate the terms of a new g.o.p. agenda? yes, republics, of course they need to a

economy. it's a perplexing time for many of us right now. >> reporter: in high-profile races from the top on down, it was a night of republican concession speeches. >> i pray that the president will be successful in guiding our nation. >> she won it fair and square, folks. >> things don't always turn out the way you think they're going to. >> reporter: now, the question is, how to bring the party back from political exile. in five out of the last six presidential races, republicans lost the popular vote. the defeat was especially crushing among the largest voting group, women. as well as the fastest-growing voting group, hispanics. >> i think republicans have done a pathetic job of reaching out to people of color. >> reporter: what could be the opening salvo of the 2016 republican primary. some in the party are lashing out at new jersey governor chris christie, for giving the president a boost for his handling of hurricane sandy. christie insists that's nonsense. that he worked harder, with the possible exception of paul ryan, to try to get mitt romney elected. george? >> thanks, jon. >>>

're known by a few things that really do need to stand out. we've always owned the economy. and we lost the economy. and that's a heartbreak because you know what else? the president not only won re-election, but he now owns the economy for the next four years. and chances are, the economy's going to improve over the next four years. unemployment's going to go down. gdp growth is going to go up. and four years from now, the party could be in a really difficult situation with an improving economy. that's number one. two, we've always owned strong national security, a confident foreign policy and world view. and we missed an opportunity to address the middle east. and that is how you clean it up. not how you make it worse, how you exert a little bit more in the way of diplomacy as opposed to militancy. i think we missed that one completely. and finally, you know, i think there have always been some libertarian strands in this party of ours. and we're missing that one, too. you know, when i go to college campuses as i do on a regular basis, these young kids coming up -- and we lost a whole

and make our economy stronger. listen, with so many challenges that are ahead of us, the american people need to see us act courageously, think selflessly and lead boldly and our majority is up to the task and i expect the president is as well. >> good afternoon. we wept through a tough week last week as a party, but clearly the house majority is intact and we are strong. i have never been prouder of my colleagues than i am for having stood strong for the things that we believe in. i'm especially proud of paul ryan that took the charge across the nation of the kind of a solution-on the parted agenda we have been about for the last two years. as the speaker said, we stand to do right for the people of this country to extend our hands to say yes, we want to help those who are in trouble, those who are having tough times and we want to help people in this country get back to work. we are going to be about a results-oriented majority and solutions, just as we have had in the past and we want solutions to get people back to work and save medicare for those who need it, solutions in place for

the stocks would fall. >> brian: this will cost you $3500 right away and that will affect the economy special 1.2 trillion in spending cuts along with tax raises . nine minutes after the hour, what is it going to be like for the next four years? is anybody going to work with each other. the president talked about working across the aisle. yesterday john boehner said he would work. and harry reid mentioned he likes to dance but can fight. >> the american people have spoke yen they reelected president obama and again a republican majority in the house of representatives and there is a man date in yesterday's results it is a man date for us to work together on the solutions and challenges that we face as a nation. >> the american people us to work together . i know how to fight and i know how to dance. i don't dance as well as i fight but i would rather dance any time. the way to get things done to work at this time. we need republicans to help us. i repeat to have the leader of the republicans in the senate say his number one goal to defeat obama and that's how we legislated. >> steve: that was

the damage it'll do to the economy let's start to actually solve the problem. let's focus on tax reform that closes special interest loopholes and lower tax rates. >> house speaker gave the republican address this morning. he said shoring up titlements and reforming the tax code will lead to a stronger economy. both sides agree another recession will hit if the nation falls over the so-called fiscal cliff which is a combination of automatic spending cuts and tax rate increases set to start at the beginning of next year. >> thousands of customers are still without power nearly two weeks after super storm sandy and now their utility may raise their rates. the ceo of coned has said he is very sorry that some have gone 12 days without power but his company plans to hike utility rates for gas, steam and power any way. many are questioning the timing of such an increase. >> seems crazy. i know they are dealing an old system but i mean -- shouldn't they have thought about this like down the road a little bit. ? >> it's outrageous considering what people have gone through. >> the commissio

at this point. he did send an e-mail to employees back in october and it said this. the economy doesn't currently pose a threat to your job. what does threaten your job, however, is another four years of the same presidential administration. guess what, now he says he never said he was firing anybody if obama got elected and that the media twisted what he meant. carol? >> so strange. >> blame it on the media. aren't we easy targets? >> yeah, but we can take it. we're big girls. alison kosik, thank you. >>> another follow-up to a story we first brought you yesterday kind of about the same -- it is about the same thing. new york franchise owner of several applebee's restaurants who says he may have to issue a hiring freeze to afford the costs associated with obamacare. mike archer says, quote, recent public comments by one of applebee's franchise owners about the possible implications of the obamacare on jobs with his individual company were not the views or opinions of either applebee's or other franchisees. although we respect his right to speak freely as an american. don't rely know

accomplishments brought on by a recalcitrant republican party, an anemic economy, and a bruising campaign that lacked the historical fervor of the first, president obama nonetheless won re-election with nearly every state he initially won four years ago. and while turnout was down nationally over the past election, it wasn't fultd by an obama enthusiasm decline. something else was remarkably similar, the man who was elected president, the rock solid steadiness of no drama obama is best exemplified in his two acceptance speeches. in 2008 president elect barack obama stood before hundreds of thousands and gave a speech that began with recognizing history. >> been a long time coming, but tonight because of what we did on this day in this election at this defining moment, change has come to america. >> he graciously responded to the campaign of his opponent. >> senator mccain fought long and hard in this campaign and he fought even longer and harder for the country that he loved. >> he sketched a governing agenda. >> there's new energy to harness, new jobs to be created, new schools to build

people grows the economy. and the polls were not screwed to oversample democrats. and nate silver was not making up fake projections about the election to make conservatives feel bad. nate silver was doing math. and climate change is real. and rape really does cause pregnancy sometimes. and evolution is a thing. and benghazi was an attack on us, it was not a scandal by us. and nobody is taking away anyone's guns. and taxes have not gone up. and the deficit is dropping, actually. and saddam hussein did not have weapons of mass destruction. and the moon landing was real. and fema is not building concentration camps. and un election observers are not taking over texas. and moderate reforms of the regulations on the insurance industry and the financial services industry in this country are not the same thing as communism. listen, last night was a good night for liberals and for democrats for very obvious reasons, but it was also, possibly, a good night for this country as a whole. because in this country, we have a two-party system in government. and the idea is supposed to be that th

your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. hairs haters president obama and house speaker john boehner say they are ready to work together to keep the country from plunging off the so-called fiscal cliff. economists say the combination of tax hikes and spending cuts set to kick in at the end of the year could trigger another recession and higher unemployment. the president saying he has invited leaders of both parties to the white house next week to try to work out a deal. but he and the speaker still are sticking to their guns when it comes to it raising taxes on the richest americans. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people, like me, making over $250,000 aren't asked to pay a dime more in taxes. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. raising tax rates will slow down our ability to create the jobs t

're the republican party of opportunity for everybody, that's where we ought to be among the part of the economy that needs help the most. >> david, i want to ask you about something else the congressman said today. abc asked him whether or not the president had a mandate. here's what he had to say. >> the president wins 300 some electoral votes, every battleground state with the exception of north carolina. does barack obama now have a mandate? >> i don't think so, because they also re-elected the house republicans, so whether people intended or not, we've got divided government. >> you don't think it's a mandate here? >> i don't, because then they would have put nancy pelosi in charge of the house of representatives. >> david, do you buy that? democrats gain in both the house and the senate. the president won the popular vote, well over 300 electoral votes and by big majorities, they told exit pollsters they agree with the president's position on tax policy. >> well, whether the president has a mandate is a matter of opinion. whether he has power is a matter of fact. this president now has eno

on the economy. but in fact, that's the part of the bargain that you have to do. and we're at historic lows on revenues. so i've always agreed to it. i voted for the simpson-bowles, i've been part of the gang of six, gang of eight. i agree that we have to go there, but how we go there is very important in terms of the incentives for capital investment in this country. and we have do it in a way that does not diminish that. >> let me turn quickly to lessons from this election and where things go beyond this negotiation over fiscal matters. senator schumer, immigration. are we going to get comprehensive immigration reform? it sounds like, if you listen to the house speaker, they've had a chang of heart, they want a comprehensive plan. is there news to be made on this? >> yeah, i think so. senator graham and i have talked, and we have resuming the talks that were broken off two years ago. we had put together a comprehensive, detailed blueprint on immigration reform. it had the real potential for bipartisan support based on the theory that most americans are for legal immigration but very much

to the economy. there is no easy solution because nobody wants to consider that we have to cut spending, change foreign-policy and we have to reassess the entitlement system. they are not in the new to do that. there are too many people who said, you cannot touch my program. cut somebody else's. that is the reason we are going to continue to do this and things will get worse until the crisis gets so bad we have a currency crisis, interest rates go up, we will have to revamp. that will not happen in january. host: but the to the funds and see what the viewers have to say to you. -- let's go to the telephones and see what the viewers have to say. caller: i think all of the bush tax cuts should be eliminated and those dollars be applied to the deficit. for the areas under sequestering, i think they should eliminate the requirement that everything to be cut across the board and let the defense department to determine what they need and what they do not need. the same with the discretionary areas. guest: i agree with half of what you say. i think the military is a big problem. both sides really did

full. the economy is still in bad shape and he's been working on that. now, as the economy starts to improve, he'll be in a situation maybe to take more of a role. >> i hope you come back to see us. thank you for coming. this is edward i saac dloois dovere: we'll be right back. >>> making headlines, bono will be at georgetown tonight. he will speak with creating change to the power of social movement. he's best known for music but he has been a force behind many organizations that promote positive change. he was named time magazine's person of the year in 2005. >> christmas tree is headed to dc. made a stop in denver. part of its three week 5,000 mile cross country road trip. picked from the white river national forest in colorado. expected to arrive november 26th. the tree lighting ceremony will be held next month. >> that time of year. >> long time before we hear jingle bells every five minutes on the radio. >> 71 degrees but cooler air on the way. enjoy today because today will be the last of the mild days. let's get started with a look at satellite radar. sunshine out there at

. zimmer. [speaking in native tongue] >> translator: very briefly on two points. on the economy and business. as a foundation for creating income and thus pay for social measures. of course, i agree, but in the conditions of austerity in the next 15 to 20 years, in those countries that are the hardest hit is not going to be possible to have sustainable business being developed. and i would like to know whether this austerity policy and the sustainability policy can be implemented, and whether we can do anything socially or about the environment. secondly, you talk at one point about the european parliament being an important partner for you and all the crisis related issues. white and has the fiscal pack gotten to the point that it has? when it's already clear that has two points that are conflicting with e.u. law in material and in formal terms, and that hasn't been regulated the european level. and implementation of the pact by the commission, well, how can we go along with that if the parliament is going to be excluded from that? you will have to deal with that on the first o

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